Comments on: Fed needs better PR on last-resort lending, toohttp://blogs.reuters.com/breakingviews/2011/12/08/fed-needs-better-pr-on-last-resort-lending-too/
Wed, 25 Feb 2015 12:39:06 +0000hourly1http://wordpress.org/?v=3.8.3By: RegsarentLawhttp://blogs.reuters.com/breakingviews/2011/12/08/fed-needs-better-pr-on-last-resort-lending-too/comment-page-1/#comment-8696
Thu, 08 Dec 2011 16:35:10 +0000http://blogs.reuters.com/breakingviews/?p=7934#comment-8696The war to preserve freedom somewhere in the world as a refuge from tyranny has been fought here against progressivism for 100 years. Progressives applauded the wonders of Soviet Russia under Stalin’s leadership, praised Mussolini, and named Adolph Hitler ‘Man of the Year” in 1938. The primary tool of progressivism is consolidation of the 3 fundamental authorities of government: lawmaking (legislative), executive (administrative), and judicial (dispute resolution). Administrative agencies are the engine that drives a wedge between governance and the People.

Article 1 of the US Constitution clearly states that THE (exclusive) legislative authority at the federal level, i.e. the power to make law, vests in Congress and NOT in the people who populate it. Legislators lack the power to transfer any portion of that lawmaking authority from the institution of Congress, although that is precisely the bluff that has derailed the United States’ republic for 100 years. All law-making power is supposed to be directly accountable to the people through elections, but none of us have ever cast a single ballot to elect the administrator of EPA, for instance. Furthermore, every regulation accomplishes only 1 thing: it creates a bully means–that masquerades as legitimate legal authority–for unelected bureaucrats to steal money from the target of the regulation. Across the country, we, and particularly business owners, must realize that regulation is NOT law.

Understand that Congress has nothing to do with regulation. Congress makes laws by passing bills, and the president may either sign those bills passed by Congress, thus converting the bills into laws, or veto any bill. Regulation, on the other hand, is written by the myriad administrative agencies which have been created by acts of Congress during the past 100 years (e.g. CFTC, FTC, EPA, OSHA, CPSC, TSA, FAA, FCC, etc.). That’s right–a total and blatant violation of the separation of powers doctrine inherent in the Constitution, i.e. the executive (administrative) branch has NOTHING to do with making laws, but ONLY with enforcing them. Furthermore, all members of the executive branch, whether they be police officers, governors, etc. are citizens of the United States first, and officers of the government second, which means that each of them must determine whether a law passed by the legislature (either Congress or a state legislature) is consistent with the Constitution (US and of the particular state). If not, don’t enforce it. We are ALL stewards of the Constitution first and foremost. Obviously, the same applies to regulation. None should be enforced, because the executive lacks any authority to create law or quasi-law, but it will take diligence and repetition for the truth to take hold.